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10 June 2009
Shotlist Ref: RTV1068609
GERMANY: Arcandor throws in towel after aid bid fails
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1/2
Duration: 00:04:10:06
Clip Ref: RTV1068609 118
Copyright: REUTERS
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Story:
German retail group Arcandor threw in the towel on Tuesday (June 9), filing for insolvency after the Berlin government rejected its request for emergency state aid.
Arcandor said the court filing covered its Karsdtadt department stores, Primondo GmbH mail-order and Quelle catalogue businesses but excluded Thomas Cook Plc, Europe's second-biggest travel group in which it holds a majority stake.
Arcandor shares were suspended down 21.7 percent before the official news.
German ... Read more
Clip 1 of 2
Clip Ref: RTV1068609 118
Copyright: REUTERS
Duration:00:02:34
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Out:
ESSEN, GERMANY (JUNE 09, 2009) (REUTERS)
PEOPLE OUTSIDE ARCANDOR HEADQUARTERS IN ESSEN
EMPLOYEES PUTTING UP SIGNS ON WINDOW
EMPLOYEES GATHERED IN HALL
WOMAN SPEAKING ON PHONE, COVERING HER EYES ...
A1: FX / A2: FX
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Clip 2 of 2
Clip Ref: RTV1068609 3987
Copyright: REUTERS
Duration:00:01:30
Timecode - In:
Out:
FRANKFURT, GERMANY (JUNE 09, 2009) (REUTERS)
TOP VIEW FRANKFURT STOCK EXCHANGE
ELECTRONIC BOARD READING "ARCANDOR AG - TRADING SUSPENDED"
ARCANDOR'S ID "ARO" ON BOARD
(SOUNDBITE) (English) ...
A1: FX / A2: FX
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